Stocks in 2010-11: Public investors gain Re 1 per minute

Stocks in 2010-11: Public investors gain Re 1 per minute

An average of one rupee was added to the stock market wealth of each public investor in every minute of trade during the last fiscal - a period that saw the total market wealth grow by over Rs 6.73 lakh crore.

However, the gains during the fiscal ended March 31 were just about one-fifth of the same during the previous fiscal - both for the overall market and public investors.

The total market wealth, measured in terms of the cumulative value of all listed stocks in the country, grew to Rs 68,39,082.89 crore (Rs 68,390.82 billion) at the end of fiscal ended March 31, 2011.

The figure stood at Rs 61,65,620.14 crore (Rs 61,656.20 billion) at the end of the previous fiscal, taking the total gain for the fiscal 2010-11 to Rs 6,73,462.75 crore (Rs 6734.62 billion).

Stocks in 2010-11: Public investors gain Re 1 per minute

However, the share of public shareholders was only about Rs 1,00,000 crore out of this gain, given an average public holding of less than 15 per cent in listed companies.

The remainder of about Rs 5,73,000 crore (Rs 5,730 billion) was shared by other shareholder classes, such as promoters.

The fiscal, beginning April 1, 2010, and ending on March 31, 2011, had a total of 255 trading days, during which trading was conducted in the stock market for a total of 99,450 minutes, given an average of 6.5 hours of trade a day.

This translates into an average gain of one rupee for every minute of trade for public shareholders during the entire fiscal.